30/05/2017 Asia Business Report


30/05/2017

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Government forces in the Philippines say they've retaken control of most

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after a week of heavy fighting against Islamist insurgents/

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Military officials say their progress has been decisive.

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But at least a hundred civilians have been killed and 2000 people may

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still be trapped in militant held areas.

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A week on from the Manchester attack, exclusive BBC

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Salman Abedi is seen shopping the day before,

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and police release an image of him with a suitcase.

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And this story is trending on BBC.com.

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The golfer Tiger Woods says a reaction to prescription drugs led

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to his arrest for "driving while under the influence".

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The 14 times Major winner says NO alcohol was involved.

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An investigation has begun at Hamerton Zoo in Cambridgeshire

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after a keeper was killed by a tiger.

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The zoo was evacuated but managers say there was never

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Now on BBC News all the latest business news live from Singapore.

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The Vietnamese Prime Minister pushes for a two way trade deal with

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America. Will President Trump consider it a priority? Find out how

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this boss built her business when banks would not lend her any money.

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Hello and welcome to Asia business report. The Vietnamese Prime

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Minister will be keen to negotiate bilateral trade deal with US

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President Donald Trump when they meet later. This comes several

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months after Washington dropped out of the transpacific partnership.

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Earlier I spoke to a man who will meet him tomorrow night. He told me

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why a two way trade deal is so important for Vietnam. Vietnam is

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very disappointed when President Trump backed out of the transpacific

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partnership on his first day in office. In Vietnam, it is quite a

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two for Vietnam that he is the first leader from South East Asia to see

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the president. If they want to make progress, the US has very important

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markets for Vietnam and very important export markets. So far,

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the Trump Administration has clearly expressed they are unhappy with the

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trade surplus the exam is running. Do you think the free trade deal is

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likely? Vietnam contributes to the American trade deficit. What the

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focus for Prime Minister is to see if he can build a personal

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relationship with President Trump. Vietnam is very nervous about the

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almost friendship, it looks like, the close ties between the Chinese

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leader and President Trump. Vietnam is afraid it will be at the

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detriment, at a cost, to Vietnam, especially in the South China Sea.

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British Airways says its flights are gradually getting back to normal

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after all its planes were grounded over the weekend. The chief

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Executive has blamed a power surge in one you take -- the UK data

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centres. It was claimed the back-up systems also collapsed. He is

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refusing to resign. He insists the computer failure had nothing to do

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with cost cutting. There are no redundancies taking place around

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this particular hardware set of infrastructure. In this particular

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case it is all locally hired resources that have been attending

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to the maintenance and running of this infrastructure. So, completely

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unrelated to the redundancies and outsourcing of the IT systems? In

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this case, yes. Weeks after government data showed the economy

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grew faster than expected in the first three months of the year,

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clocking its longest period of expansion in more than a decade.

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BMW's is a shortage of parts from Bosch has caused the Jews at its

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plant in China and Africa. Delay in delivery of its steering gears has

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slowed down production of several models. The problem is that Bosch is

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having with BMW is a stark contrast to the reliability normally attached

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to the made in Germany brand. Bosch was implicated in the BW emissions

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scandal and had to recall thousands of gas hob is earlier this year. The

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company says trust is at the basis of all it does. In this week's two

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minutes with, I spoke to a board member of Bosch about the Asian

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market. China is by far the biggest market based on population and size,

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followed by the Indian market, also based on population. The Asian

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markets are very important for us. When you consider the amount of

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people, the population here, we talk about more than 600 million people.

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You are currently in the news in the UK. You are recalling a number of

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thousands of gas hovers. There has been a settlement as well. $327

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million with BW ABV diesel emissions scandal. What you're doing is

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selling products to Asian households. Trust is a big factor.

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How do you ensure that? Trust is very important subject for us. We

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take it very seriously. Already, our founders said, clearly, rather to

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lose money than trust. I think we stick to that. When you talk about

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the UK subject, there's kind of a risk that something can happen we

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make a repair solution voluntarily to avoid any accident. All right.

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Very quickly, just jumping in, as a consumer in Asia I four years bought

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Asian brands. They are much cheaper than the European brands like yours.

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How do you compete? I would think, always looking for high-quality

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products. That is for sure. We are pretty innovative. We spend a lot of

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money overall. You can see, as a result, in our products we are

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selling. We are organised in different sectors. We have four

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sectors. Also consumer goods. I think we are making fairly good

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progress on the consumer good side. We're not in the low end segment,

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that is for sure. That is true. We are making very good offerings in

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the high end segment and the middle-class segment. What will be

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on the US business agenda after the Memorial Day holiday? Our business

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reporter can tell us. Economic data due out this week could support or

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undermine the case for the American central bank to raise interest rates

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in June. The US markets were closed on Monday for Memorial Day and the

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unofficial start to the summer in America. It is time for investors to

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put away the barbecue and get back to work. There is plenty of economic

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news do at this week. The US commerce Department is expected to

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report consumer spending grew after being unchanged in March. The

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Federal reserve potluck favourite measure of inflation, the core price

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index which makes part of this report, that could well move the

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markets. There could be a faster rate hike schedule. Something Wall

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Street is keeping a close eye on. Economists are looking for a 1.5%

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yearly increase in that index. That is well below the Beds 2% inflation

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target. Michelle Fleury in New York. She's ahead of a multi-million

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dollar Javanese bar empire. When she started, she was rare female

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entrepreneurs in the 1970s in Indonesia. It certainly was not

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easy. What is her secret? Rebecca caught up with over a bite to eat.

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Nobody wants to help me and they think I am a crazy woman, you know?

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I have to borrow money but they said no. You are a woman. We don't help

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you. You have to stay home and serve your husband and children. My

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father, late father, he is very nice. Don't worry, he said. I will

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get your brother and sister. Maybe they want to invest in your business

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because you have a big dream but no money.

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We are the second largest rainforest in the world. But, they cut all the

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rainforest. That was Martha with her story.

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Let's take a look on the market. They have opened in Asia. They are

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both flat. Very little direction from the US. Wall Street was shut

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because of the Memorial Day weekend. Also widening scandal due to the

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possible ties between President Trump and Russia. That is for this

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report. Our main story, a week on from the

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Manchester attack the BBC obtains exclusive pictures. Salman Abedi is

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seen shopping. Police released images of him with ace blue

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suitcase. John Noakes has died at the age of 83. He has to Blue Peter

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in the 1960s and 70s and was the longest serving presenter, appearing

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for more than 12 years. David Sillito looks back at his life.

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I'm upside down, at 30,000 feet and upside down.

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Blue Peter has had many presenters over the years,

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but John Noakes, the cheery, funny daredevil from

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At this level the plinth on which Nelson stands

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I find myself literally hanging from the ladder

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In an age with a rather relaxed attitude to health and safety

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the words "and then it was my turn" led to some startling TV moments.

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His trip down the Cresta run was also terrifying.

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I jumped onto the ice and carried on down the track on my backside

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John Noakes had started out in the RAF before turning to acting

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The Yorkshire accent and the willingness to do anything

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for a laugh stood out in a rather more formal era of

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I think for a lot of people today is a very sad day.

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We have lost him and he looked pretty eternal from where

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We have lost our childhoods too a bit.

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In those days there were only two channels and he was the whole of

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Shep, don't bite him, he's a nice little fellow.

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After 12 years he and his dog Shep were part of national life,

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but he had tired of the risks and the workload and

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He set off in a yacht and eventually settled in Majorca.

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Off-screen he was rather more shy and serious,

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the John Noakes we knew was in many ways an act.

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Johnny always had to have a character to play

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so he invented that John Noakes, not very different from him,

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but it was an extension of him and it was a John Noakes that

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could do the things that he did on television that the real

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His skydiving was record-breaking and almost went wrong,

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and his meeting with a baby elephant...

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Lulu hadn't stood on his foot, but John Noakes always

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Millions today were saying goodbye to a much loved part of childhood.

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Time now for all the sports news in Sport Today.

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